Did the CEO of Binance, one of the largest cryptocurrency exchanges, threaten cryptocurrency media site The Block over a trio of tweets detailing how banned peer-to-peer cryptocurrency trading really happens in China?
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Hong Kong’s Bitcoin spike: Foresight or fluke?
A tremendous jump in trade volume on a small Hong Kong P2P exchange was touted as proof that Bitcoin is the new gold. But it may have just been a whale’s splash
Bitcoin trades in Hong Kong saw a massive spike at the end of September—blowing past even the volumes seen at the height of the 2017 bubble—simultaneous to political unrest in the Chinese territory. With nearly $12.3 million HKD (equivalent to $1.5 million in USD) traded in the week ending September 28 according to charts on peer-to-peer trading site Coin.dance’s LocalBitcoins, it was hard not to see a connection with escalating protests, anti-Chinese bank sentiment, and vandalism that recently caused ATMs to run dry, and panic-buying reported at supermarkets on October 7. It’s especially interesting considering the same Bitcoin (BTC) volume jump was seen, on a smaller scale, during the last…
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To quote Chairman Mao: "Where in the Red Book did I say anything about issuing tokens without backing assets?"Tether takes on Chinese government’s currency monopoly because why not?
Asking for big trouble in big China
One of the worst kept secrets in crypto has finally to fruition: Tether is launching a stablecoin tied to the Chinese yuan.
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Binance: Official Chinese stablecoin close
Global influence is a goal of the People’s Bank of China cryptocurrency; Binance will work closely with regulators on its Venus stablecoin
Top cryptocurrency exchange Binance released its own predictions about China’s forthcoming stablecoin.
